As Porsche prepares to introduce the Cajun model, the company announced the expansion of its production facility in Leipzig, Germany. Photo: REUTERS/Charles Platiau

As Porsche prepares to introduce the Cajun model, the company announced the expansion of its production facility in Leipzig, Germany.

Wolfgang Porsche, the Chairman of the Supervisory Board of Porsche Automotive, and Matthias Müller, Chairman of the Board of Management, joined guests from government and business to announce the news in Stuttgart.

We are investing another 500 million euro ($684.9 million) in the production facility to build the Cajun in Leipzig. This is not just a mark of confidence in the manufacturing skills of our Leipzig colleagues, but also an important contribution to the economic development of the region, stated Matthias Müller on the morning of the festivities.

The Leipzig site, currently home to 800 employees, has been producing the Porsche Cayenne since its conception in 2002, and also produces the four-seater Porsche Panamera. Porsche has invested approximately $383 million (280 million euro) in the Leipzig site, with more than 420,000 cars produced to date.

Production of the Cajun will create approximately 1,000 additional jobs at the facility. The plant sets environmental standards as well, being one of the world's most efficient car factories. Efficient air recirculation and power cut-off technologies in the paint shop ensure economical energy use.

With the development of the upcoming Cajun, Porsche plans to expand its SUV line-up, adding a new, smaller SUV model below the Cayenne.